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11 MIN READProperty Market Update: Perth, May 2022
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Condell ParkCondell Park - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains CONDELL PARK, 2200 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that CONDELL PARK, 2200 obtained a 8.19% growth over a ten-year period. It ranks 784th on our list of suburbs that property investors should look into.
CONDELL PARK, 2200 in NSW belongs to the local government area of Canterbury-Bankstown (A).
CONDELL PARK, 2200 has a capital gain of 22.51% for the past year, which is higher than average compared to its 33.56% growth within a five-year period.
With the median home price in CONDELL PARK sitting at $1,170,000, and the average rent at $600, property owners could potentially earn a 2.67% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CONDELL PARK are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,170,000 | $810,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.65% | 1.25% |
| Median 12 month | 22.51% | 11.34% |
| Median 3 years | 30% | 19.47% |
| Median 5 years | 33.56% | 13.29% |
| 10 years average annual | 8.19% | 7.43% |
| Weekly media advert. rent | $600 | $550 |
| Time on Market | 41.5 days | 33.1 days |
| Gross Rental Yield Percent | 2.67% | 3.53% |
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